Upi Transactions

The ₹1-lakh question: When does a small UPI merchant stop being 'small'?

Merchants receiving up to ₹1 lakh a month in eligible UPI QR payments remain outside the new MDR regime, but repeated breaches can trigger reclassification to P2M

MDR reset: Flat ₹5 UPI fee on the table for capital-market transactions

Proposal needs Sebi representation, followed by RBI, govt nod

Congress rejects claim its MPs backed fee on high-value UPI payments

Congress says no specific UPI fee proposal was discussed by the finance panel, disputing the government's claim of MPs' support

Sebi to look into stock broker concerns over MDR on UPI transactions

Brokers in discussion with the market regulator as the charge raises operational cost

New UPI MDR framework to support innovation and investment: Assocham

Assocham said the new UPI MDR framework for high-value merchant payments will support investment in technology and infrastructure, while helping expand UPI acceptance across the country

Datanomics: Remittances to India from Aus, Saudi cost double the UN target

India's remittance flows are rising, but high transfer costs and limited UPI links show the need for wider cross-border payment connectivity

UPI MDR charges: What consumers need to know about the change in rules

New UPI MDR rules will apply to select merchant transactions, but consumers can continue using UPI for daily payments, QR payments and AutoPay without transaction charges

MPs raise concern over 0.4% UPI fee on payments at Parliament panel meet

MPs, mostly belonging to the Opposition, on Wednesday expressed concern over the government's decision to levy a fee on UPI payments above Rs 2000 to merchants, claiming that the entire population of the country would be affected due to the "anti-people" move. Chairman of the Parliamentary Standing Committee on Finance Bhartruhari Mahtab said that some MPs raised the issue at the meeting and said that it may be taken up at the next meeting of the panel. RSP MP NK Premchandran, who is a member of the committee, said that the entire population of the country would be affected by the government's decision to levy a fee on payments of above Rs 2000 to merchants. "It is a completely anti-people decision," Premchandran said. Ending nearly six years of fully free UPI payments, the government on Tuesday introduced a 0.4 per cent fee on transfers worth more than Rs 2,000 made to merchants through UPI from October 15, while explicitly ring-fencing everyday person-to-person transactions as we

UPI fee: Why government is putting a price on big merchant payments

The government is putting a price for merchants using its flagship digital payment network to accept large transactions - a shift that follows years of warnings from the payment industry that the annual subsidy budgeted for the Unified Payments Interface (UPI) never came close to covering the real cost of running it. From October 15, a 0.4 per cent Merchant Discount Rate (MDR) will apply to person-to-merchant UPI payments above Rs 2,000. The charge will be paid by merchants, not consumers, and will be capped at Rs 300 for transactions of Rs 75,000 or more. Payments between individuals, as well as the vast majority of everyday merchant payments, will remain free. The National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resilience, cybersecurity, fraud prevention, innovation and customer service. "The MDR is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, ...

UPI, net banking or bank transfer: What does funding your broker cost?

UPI may remain free for investors, but brokers could face a new cost every time customers move money into their trading accounts - even if they never make a trade

Run a small shop? How to check whether UPI MDR applies to you

UPI payments above ₹2,000 will attract a merchant fee for eligible businesses from October 15. Here's how small shopkeepers can check if the new MDR rules apply to them

Paytm, Mobikwik rally up to 7% as NPCI levies charge on UPI transactions

Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.

UPI charges explained: What happens when you pay ₹5,000, ₹50,000 or ₹1 lakh

The government estimates about 96% of merchant payments will remain unaffected by the changes. The network processed 24.51 billion transactions valued at 29.9 trillion rupees in August.

RBI backs MDR on large-value UPI transactions, says users will pay no fee

In a post on X, the central bank said the move would help UPI continue to scale and innovate while serving consumers and businesses across the country

0.4% MDR kicks in from October 15 for ₹2,000-plus UPI payments

Sources stress MDR is not a tax on UPI, since the fee is distributed among participants in the payments chain rather than accruing to the government

Best of BS Opinion: Modest charges will enable healthy growth of UPI

Today's Best of BS Opinion weighs UPI's funding model, freight corridor gains, India's AI strategy, Delhi's student housing crisis and J S Deepak's memoir

Only 17% merchants willing to bear 0.4% MDR on UPI payments: Survey

LocalCircles survey finds 41% of merchants unwilling to bear any MDR on UPI payments above Rs 2,000, while 9% do not accept UPI payments

No concentration risk, UPI is interoperable: PhonePe cofounder Rahul Chari

Rahul Chari, cofounder and chief technology officer, outlines his plans for the next decade and addresses concerns around concentration risk

NPCI consults banks, payment firms on fees for large UPI payments

The consultations ‌come after India changed its payments legislation on Monday, allowing firms to charge transactions of more than ₹2,000

UPI payments up to ₹2,000 to remain free: What it means for users

The Centre has said banks and payment system providers cannot charge for UPI transactions up to ₹2,000 or payments made through RuPay-powered debit cards